-The Indian Express   Contrary to conventional wisdom, the UPA lost despite an inclusive, growing economy.   Economists have been busy telling us that the economy decided the election result. We heard it during the campaign and they have been at it again in their post-mortems. They are wrong. Consider some evidence.   Most Indians live in rural areas. Elections are won and lost there. So for any government, it makes good electoral sense to look...

-The Hindu Business Line   Claims that the economic gap in India is being bridged are not borne out by NSS data Recent accounts of poverty reduction - especially during 2004-11- triggered by the release of the 68th round of the NSS data, have been euphoric. Growth acceleration not just resulted in more rapid poverty reduction over this period than during 1993-2004 but it was also more inclusive as the most disadvantaged groups,...

-The Business Standard   Badly structured insurance leaves Indian farmers exposed Ever since its inception in the early 1970s, agricultural insurance has defied all attempts to make it farmer-friendly and economically viable. Over half a dozen different models for farm risk management have been tried out, but with little success. The systems currently used - the National Agricultural Insurance Scheme (NAIS) and the Modified NAIS (MNAIS) - were objected to by the Insurance...

-The Indian Express   India's rentier capitalism is an inset in the big picture drawn by Thomas Piketty   French economist Thomas Piketty has written a scholarly tome with the humdrum title, Capital in the 21st Century. The book has become an overnight sensation because Piketty documents an inherent tendency for ever-increasing inequality of income and wealth in capitalist economic systems. It is not an accident, he says, that many will be left behind...

-DNA   Muzaffarpur (Bihar): Some 30 kms away from Bihar's Muzaffarpur, in Moshari block, peasants sit around a common hookah at a village chaupal after an exhausting day. They sign Maithili folk songs and relating stories of Raj Kishore and Tasleemudin, legendary Naxalite leaders who took on local landlords in the 1960s. This region, along with Naxalbari in neighbouring West Bengal, was the centre of bloody clashes, forcing socialist leader Jai Prakash Narayan...